RG-L1019 : Regional Sugar and Bio-Energy Program

Project Status: Approved

The purpose of the Latin American Capital Finance Regional Sugar and Bio-energy Program ("LACFIN" or the "Program") is to make loans to the sugar and bio-fuels industries in Latin America and the Caribbean and increase the availability of financing to sugar mills, ethanol distilleries and producers of bio-energy. The maximum target Program size is expected to be up to approximately US$ 250 million, which would include equity provided by a private equity firm ("Reservoir") in the amount of US$75 million and debt financing provided by the IDB in the form of a US$ 75 million Senior A Loan in the initial phase.